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22.07.2005 Crime & Punishment

Bank officials embezzles 1.2 Billion Cedis.


Sekondi, July 22,-GNA-A Sekondi High Court on Friday adjourned to October 24, a case in which four former employees of the Atieku Agency of the Bogoso Area Rural Bank, now Fiaseman rural Bank, are alleged to have embezzled 1.2 billion cedis.

They are Emmanuel Donkor, a Senior Clerk, Isaac Hammond and Peter Ofori Poku, both Clerk/ Messengers and Mr. J. A. Armah Quaison, an assistant Accountant.

The pleas of the accused who are on interdiction were not taken by the court, presided over by Mr. Justice Isaac Douse.. Anomalies in the bank's finances were detected when Mr. Samuel Ahadzi, a Banker assumed relieving duties.

The Bank of Ghana constituted a two-member committee to investigate the suspected mbezzlement and later forwarded the case to the Attorney General's (AGs) Department for prosecution.

The accused allegedly siphoned the amounts between January 1997 and August 2002 through the debiting of customers' accounts without its corresponding entries, gave out fictitious loans, operated "forex bureaux" and granted special loans whose interest's rates were lower than that of the bank.

At today's appearance, the AGs office asked the court to adjourn the case because Mr. William Akuffo, a state attorney, was indisposed.